Though Focus on Quality Is Considered a Modern Management Issue,the

question 17

True/False

Though focus on quality is considered a modern management issue,the Deming Application Prize actually originated in 1951.

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Definitions:

Constrained Resource

A limited resource within a production or project environment that restricts the output or completion time.

Profitability

A financial metric used to assess a business's ability to generate earnings compared to its expenses and other relevant costs incurred during a specific period of time.

Expensive Milling Machine

A high-cost machine used in manufacturing to shape metal or other materials with high precision.

Constraint

A limitation or restriction that affects the performance or capacity of a process, system, or organization.